Photo - Octoglass JSC
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Octoglass JSC

Bring hybrid electrochromic products to the market

Russia, Moscow region
Market: Production, Building
Stage of the project: Idea or something is already done

Date of last change: 14.09.2020
Min investment
$  3.000.000
Show contacts
Total required
$ 35.000.000
Rating
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Idea

Start production of Hybrid In-Organic Electrochromic devices for further assembling of ginal products at glass processing facilities.

Current Status

1. Lab samples of thin film coating are produced
2. Polymer electrolyte is developed
3. Lab samples of devices are produced
4. Lab samples are tested under GOST P 56773-2015 and passed
5. Controlling devices are available

Market

Customers: B2B model. We sell parts of further electrochromic glass to glass processing companies. That will enable the market and let the entire chain to benefit from our offer.
Market: main segment is architectural glazing market (interior, facade and exterior). Can be implemented at other segments like automotive.

Problem or Opportunity

The architectural glazing market demands adjustable tinting smart glass that has superior neutrality, longevity and not too expensive. Current market players like View, Sage, eControl and others use strictly vertical integrated model when one single company holds all the processes starting from order collections and installation at the final user. That doesn't fit into existing value chain at the glazing market.
Most of the competitors don't have neutral black color of tinting (we have) and their solutions are very expensive.

All of these factors slows down the market development.

Solution (product or service)

We have neutral black, inexpensive solution that will be available for glass processing and final assembling by glass processing companies. The product and the company will fit into the existing value chain at architectural glazing market.

Competitors

View, Sage, eControl and a number of other players.

Advantages or differentiators

1. Neutral black color
2. Low cost of the product
3. Solution prepared for NON-vertical integrated business

Finance

1. Selling electrochromic parts (substrates with deposited electorchromic layers) to glass processing companies.
2. Selling licenses to other companies who want to start production of such kind of a product.

Business model

B2B model. Factory that produces substrate with electrochromic layers deposited sells it to the next producer.

Money will be spent on

Phase 1: R&D, checking and scale-up of current results. Up to 3.000.000 USD
Phase 2: Factory foundation. Equipment ordering, facility preparation. Up to 22.000.000 USD
Phase 3: Factory Start-Up. Personal training, setting up of the production process. Up to 2.000.000 USD
Current estimations can be adjusted depending on a concrete implementations plan. Overall expenses <35.000.000 USD

Offer for investor

Joint ventures option is preferable. In general we are very flexible in the offer.

Risks

Physical Vapour Deposition is the method of depositing electrochromic layers on the substrates. It can be done only with expensive equipment that is not available right now. Further steps (sizing of the lab samples) are delayed.

Incubation/Acceleration programs accomplishment

Russian Railroads accelerator - on goign

Won the competition and other awards

None

Invention/Patent

Russian patent 2692951 + pending russian patent for controlling devices
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video